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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities:    
Net loss $ (13,097) $ (15,221)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 44,527 47,554
Amortization of above and below-market leases and lease inducements, net (2,848) (2,917)
Amortization of debt premiums, discounts and financing costs, net 926 844
Straight-line rent adjustment, net 1,368 (1,787)
Provision for estimated credit losses 6,758 521
Provision for asset impairment 9,002 0
Gain on sale of investment properties, net (244) (5,662)
Loss on extinguishment of debt, net 2,543 809
Equity in (earnings) losses of unconsolidated entities (640) 620
Distributions from unconsolidated entities 2,299 3,147
Stock-based compensation, net 1,948 2,165
Provision for indemnification claims 0 25,500
Changes in operating assets and liabilities:    
Accounts and rents receivable (4,984) 1,262
Deferred costs and other assets (1,538) (2,894)
Accounts payable and accrued expenses (3,650) (1,156)
Other liabilities (2,037) 172
Net cash provided by operating activities 40,333 52,957
Cash flows from investing activities:    
Purchase of investment properties (30,309) (126,769)
Acquired in-place and market lease intangibles, net (2,068) (13,699)
Capital expenditures and tenant improvements (6,877) (9,953)
Investment in development and re-development projects (1,527) (3,696)
Proceeds from sale of investment properties, net 5,737 31,842
Indemnification payment related to the sale of investment properties 0 (30,000)
Proceeds from the sale of unconsolidated entity 0 30,000
Lease commissions and other leasing costs (1,036) (1,584)
Other assets 208 119
Other liabilities (1,554) (290)
Net cash used in investing activities (37,426) (124,030)
Cash flows from financing activities:    
Common shares repurchased through share repurchase program (5,201) 0
Proceeds from distribution reinvestment plan 185 0
Distributions to shareholders (26,930) (26,434)
Proceeds from debt 150,000 0
Payoffs of debt (67,349) (12,491)
Debt prepayment penalties (2,504) (779)
Principal payments of mortgage debt (812) (945)
Payment of finance lease liabilities (188) (232)
Payment of loan fees and deposits (75) (190)
Net cash provided by (used in) financing activities 47,126 (41,071)
Net increase (decrease) in cash, cash equivalents, and restricted cash 50,033 (112,144)
Cash, cash equivalents, and restricted cash at the beginning of the period 260,748 264,853
Cash, cash equivalents, and restricted cash at the end of the period 310,781 152,709
Reconciliation of cash, cash equivalents, and restricted cash to condensed consolidated balance sheets:    
Cash, cash equivalents, and restricted cash at the end of the period 310,781 152,709
Cash flow disclosure, including non-cash activities:    
Cash paid for interest, net of capitalized interest of $5 and $42, respectively 9,155 10,545
Cash paid for income taxes, net 610 359
Distributions payable to shareholders 13,642 13,408
Accrued investment in re-development projects 60 431
Accrued lease commissions and other leasing costs 222 414
Capitalized costs placed in service 5,505 7,950
Reclassification of registration statement costs incurred to equity issuance costs 278 0
Purchase of investment properties:    
Net investment properties 30,515 127,499
Accounts and rents receivable, lease intangibles, and deferred costs and other assets 3,770 15,855
Accounts payable and accrued expenses, lease intangibles, and other liabilities (1,908) (2,886)
Cash outflow for purchase of investment properties, net 32,377 140,468
Capitalized acquisition costs (63) (918)
Credits and other changes in cash outflow, net 890 3,092
Gross acquisition price of investment properties 33,204 142,642
Sale of investment properties:    
Net investment properties 5,567 25,977
Accounts and rents receivable, lease intangibles, and deferred costs and other assets 249 1,096
Gain on sale of investment properties, net 244 5,662
Proceeds from sale of investment properties, net 5,737 31,842
Credits and other changes in cash inflow, net 413 1,108
Gross disposition price of investment properties $ 6,150 $ 32,950